Skip Ribbon Commands
Skip to main content

Skip Navigation LinksOur-approach-to-risk

CER branding swish

Our approach to risk

Risk management is the systematic and scalable approach used by officials to make risk-informed decisions and take appropriate actions in relation to events, issues or incidents that may affect achievement of the agency’s objectives.

We take a risk-based approach to decision-making, underpinned by our risk appetite and risk management framework. The framework outlines the agency’s system of risk management and oversight, and is aligned to the Commonwealth Risk Management Policy and the ISO 31000: 2018 Risk Management Guidelines. Our risk appetite articulates the level of risk we are willing to pursue to achieve agency objectives and meet statutory obligations. The agency operates in a complex environment and we recognise that risk is inherent in all that we do. The Board’s risk appetite articulates an appropriate and balanced view of the strategic risk environment related to achieving agency goals. The Board revisits this position annually, although it recognises the need to be willing and able to adapt the risk appetite if required noting that global events are complex and matters can change rapidly.

We are continuing to mature our risk management capability and approach, embedding risk principles into organisational culture. A key element of this approach is increasing the risk capability at all levels of the organisation. To achieve this, we are educating and empowering staff to provide them with the knowledge, judgement and confidence to make more informed risk-based decisions, and ensuring they have the support of their managers. Our strategic risks articulate the high-level risks to achieving our objectives and are identified as:

  • the Clean Energy Regulator does not effectively manage its programs,
  • the Clean Energy Regulator’s advice, insights and data are not of high quality,
  • the Clean Energy Regulator does not adapt.

Effective management of the agency’s risk is underpinned by controls that support:

  • streamlining regulatory processes across and within the schemes we administer,
  • targeting resources towards areas of highest risk, and
  • delivering the specific objectives of relevant legislation effectively and efficiently.

Documents on this pageDocuments on this page

Was this page useful?

LEAVE FEEDBACK
preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only preload-image-only